Julie
Guthrie,#2Consumer Suggestion
Tue, February 12, 2008
Unfortunately, you have done this to yourself. Read your mortgage documents. They don't have to work out anything with you, if they do work something out, it is a courtesy. They do not have to modify your loan. In fact, most mortgage documents prohibit just that. To "modify" your loan, you would in fact need to refinance your loan (which you are behind on, so I realize you cannot do a refinance). You admit you had no safety net (for your surgery, physical therapy), you have too much debt, etc. You have created this monster and are in no way being ripped off. It's sad circumstances, don't read any of this to mean I don't feel sympathy, but you have made some poor choices that are ultimately resulting in you losing your home. A short sale is a work out option as well, and again, they do not have to let you do that.